Rupert National Bank

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 10517
Charter Number: 10517
Start Date: February 14, 1923
Location: Rupert, Idaho (42.619, -113.677)

Metadata

Model: gpt-5-mini
Short Digest: b49e3983

Response Measures

Full suspension

Description

Newspaper of Feb 17, 1923 reports Rupert National closed on account of a lack of confidence after steady withdrawals following the earlier closing of other local banks. By Mar 22, 1923 the Rupert National Bank had reopened with outside capital and reported net increase in deposits. Cause classified as local_banks (withdrawals triggered by failure/closures of other local banks). Dates: suspension inferred as 1923-02-14 (Wednesday before Feb 17); reopening inferred as 1923-03-12 (Monday of previous week to Mar 22 article).

Events (5)

1. April 21, 1914 Chartered

Source: historical_nic

2. February 14, 1923 Run

Cause: Local Banks
Cause Details: Steady withdrawals by depositors triggered by prior local bank failures (First National closed three weeks earlier; Farmers' and Merchants closed earlier).
Newspaper Excerpt: With the published statement that this bank is closed on account of a lack of confidence of the community, the Rupert National bank ... A steady withdrawal of funds by skeptical depositors followed the closing of the First National bank here three weeks ago.
Source: newspapers

3. February 14, 1923 Suspension

Cause: Local Banks
Cause Details: Bank suspended operations due to community lack of confidence after withdrawals following other local banks' closures.
Newspaper Excerpt: LAST BANK IN RUPERT CLOSES Suspension of Rupert National Leaves City Without Institution. With the published statement that this bank is closed on account of a lack of confidence of the community, the Rupert National bank ... closed its doors at 1 o'clock Wednesday afternoon.
Source: newspapers

4. March 12, 1923 Reopening

Newspaper Excerpt: The Rupert National bank reopened Monday morning of last week. Preparations were made to pay in currency every anticipated withdrawal of deposit, but when the closing hour came the day's business showed an increase of $21,000 in deposits over the withdrawals.
Source: newspapers

5. January 31, 1925 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (2)

1. February 17, 1923 Mountain Home Republican Mountain Home, ID

Article from Mountain Home Republican, February 17, 1923

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Article Text

LAST BANK IN RUPERT CLOSES Suspension of Rupert National Leaves City Without Institution. With the published statement that "this bank is closed on account of a lack of confidence of the community," the Rupert National bank, the sole remaining bank in the city, closed its doors at 1 o'clock Wednesday afternoon. With the suspension of business the surrounding rich farming territory is left without a single one of the original three financial institutions operating here. A steady withdrawal of funds by skeptical depositors followed the closing of the First National bank here thre weeks ago. Ninety days ago the Farmers' and Merchants' bank a state institution, closed its doors.

2. March 22, 1923 The Filer Record Filer, ID

Article from The Filer Record, March 22, 1923

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Article Text

RUPERT NOW HAS TWO NEW BANKS Outside Capital Quick to Invest in Minidoka Town. Indicating a quick restoration of public confidence, two new banks have opened at Rupert within the past 10 days to take the place of the two institutions which because of stringent circumstances, closed their doors several weeks ago. The Rupert National bank reopened Monday morning of last week. Preparations were made to pay in currency every anticipated withdrawal of deposit, but when the closing hour came the day's business showed an increase of $21,000 in deposits over the withdrawals. There was also $10,000 more currency in the bank than when the doors opened in the morning. The Rupert National bank opened with Crawford Moore of Boise as president. He, as well as the other officers, are also the officials of the First National Bank of Idaho, the largest bank in the state. The Rupert Commercial and Savings bank, which opened in Rupert this week. includes in its official personnel John C. Lundy, Sherman Armstrong, of the National Copper bank of Salt Lake; E. W. Tucker, of the Pacific Northwest bank of Boise, J. E. Muffley, a director in a dozen banks in Idaho, A. L. Heine, and D. P. Hoggs, of Boise. These banks, it is said, will be among the strongest in Southern Idaho.